Agreement includes collaborative research and development centered on Honeywell Anthem avionics, selection of more powerful engines, and next-generation satellite communications technologies for Bombardier aircraft Aftermarket offerings and new technologies provide Honeywell revenue potential of up to $17 billion over life of agreement All legacy pending litigation between the companies has been resolved CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced the signing of a strategic agreement with Bombardier, a global leader in aviation and manufacturer of world-class business jets, to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17 billion over its life. "This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines," said Vimal Kapur , Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition." "This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel , President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them." Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. "Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier , President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation." As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved. Honeywell Updates 2024 Outlook While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners. Given the required investments associated with this agreement, Honeywell has updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and free cash flow guidance 1 . A summary is provided in the table below. TABLE 1: FULL-YEAR 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $38.6B - $38.8B ($0.4B) $38.2B - $38.4B Organic 1 Growth 3% - 4% ~(1%) ~2% Segment Margin 2 23.4% - 23.5% (0.8 %) 22.6% - 22.7% Expansion 2 Down 10 - Flat bps (80 bps) Down 90 - 80 bps Adjusted Earnings Per Share 2,3 $10.15 - $10.25 ($0.47) $9.68 - $9.78 Adjusted Earnings Growth 2,3 7% - 8% (5 %) 2% - 3% Operating Cash Flow $6.2B - $6.5B ($0.4B) $5.8B - $6.1B Free Cash Flow 1 $5.1B - $5.4B ($0.5B) $4.6B - $4.9B TABLE 2: FOURTH QUARTER 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $10.2B - $10.4B ($0.4B) $9.8B - $10.0B Organic 1 Growth 2% - 4% (4 %) (2%) - Flat Segment Margin 2 23.8% - 24.2% (2.9 %) 20.9% - 21.3% Expansion 2 Down 60 - 20 bps (290 bps) Down 350 - 310 bps Adjusted Earnings Per Share 2,3 $2.73 - $2.83 ($0.47) $2.26 - $2.36 Adjusted Earnings Growth 2,3 1% - 5% (17 %) (16%) - (12%) 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from certain items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, including the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, and any potential future items that we cannot reliably predict or estimate such as pension mark-to-market. Bombardier, Global and Challenger are trademarks of Bombardier Inc. or its subsidiaries. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation, and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom . Honeywell uses our Investor Relations website, www.honeywell.com/investor , as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: Segment profit, on an overall Honeywell basis; Segment profit margin, on an overall Honeywell basis; Organic sales growth; Free cash flow; and Adjusted earnings per share. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes the change to adjust for amortization of acquisition-related intangibles and certain acquisition- and divestiture-related costs provides investors with a more meaningful measure of its performance period to period, aligns the measure to how management will evaluate performance internally, and makes it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's business. Honeywell International Inc. Definition of Organic Sales Percent Change We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change. Honeywell International Inc. Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins (Unaudited) (Dollars in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2023 Operating income $ 1,583 $ 7,084 Stock compensation expense 1 54 202 Repositioning, Other 2,3 569 952 Pension and other postretirement service costs 3 17 66 Amortization of acquisition-related intangibles 76 292 Acquisition-related costs 4 1 2 Segment profit $ 2,300 $ 8,598 Operating income $ 1,583 $ 7,084 ÷ Net sales $ 9,440 $ 36,662 Operating income margin % 16.8 % 19.3 % Segment profit $ 2,300 $ 8,598 ÷ Net sales $ 9,440 $ 36,662 Segment profit margin % 24.4 % 23.5 % 1 Included in Selling, general and administrative expenses. 2 Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. 3 Included in Cost of products and services sold and Selling, general and administrative expenses. 4 Includes acquisition-related fair value adjustments to inventory. We define operating income as net sales less total cost of products and services sold, research and development expenses, impairment of assets held for sale, and selling, general and administrative expenses. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit, particularly pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle, and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Earnings per Share to Adjusted Earnings per Share (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2024(E) 2023 2024(E) Earnings per share of common stock - diluted 1 $ 1.91 $2.03 - $2.13 $ 8.47 $8.76 - $8.86 Pension mark-to-market expense 2 0.19 No Forecast 0.19 No Forecast Amortization of acquisition-related intangibles 3 0.09 0.17 0.35 0.50 Acquisition-related costs 4 — 0.02 0.01 0.10 Divestiture-related costs 5 — 0.04 — 0.04 Russian-related charges 6 — — — 0.03 Net expense related to the NARCO Buyout and HWI Sale 7 — — 0.01 — Adjustment to estimated future Bendix liability 8 0.49 — 0.49 — Indefinite-lived intangible asset impairment 9 — — — 0.06 Impairment of assets held for sale 10 — — — 0.19 Adjusted earnings per share of common stock - diluted $ 2.69 $2.26 - $2.36 $ 9.52 $9.68 - $9.78 1 For the three months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 660.9 million. For the twelve months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 668.2 million. For the three and twelve months ended December 31, 2024, expected earnings per share utilizes weighted average shares of approximately 653 million and 655 million, respectively. 2 Pension mark-to-market expense uses a blended tax rate of 18%, net of tax benefit of $27 million, for 2023. 3 For the three and twelve months ended December 31, 2023, acquisition-related intangibles amortization includes $62 million and $231 million, net of tax benefit of approximately $14 million and $61 million, respectively. For the three and twelve months ended December 31, 2024, expected acquisition-related intangibles amortization includes approximately $110 million and $330 million, net of tax benefit of approximately $30 million and $85 million, respectively. 4 For the three and twelve months ended December 31, 2023, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $2 million and $7 million, net of tax benefit of approximately $0 million and $2 million, respectively. For the three and twelve months ended December 31, 2024, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $20 million and $65 million, net of tax benefit of approximately $5 million and $15 million, respectively. 5 For the three and twelve months ended December 31, 2024, the expected adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, is approximately $25 million, net of tax benefit of approximately $5 million. 6 For the three and twelve months ended December 31, 2023, the adjustments were a benefit of $2 million and $3 million, without tax expense, respectively. For the twelve months ended December 31, 2024, the expected adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. 7 For the the twelve months ended December 31, 2023, the adjustment was $8 million, net of tax benefit of $3 million, due to the net expense related to the NARCO Buyout and HWI Sale. 8 Bendix Friction Materials ("Bendix") is a business no longer owned by the Company. In 2023, the Company changed its valuation methodology for calculating legacy Bendix liabilities. For the three and twelve months ended December 31, 2023, the adjustment was $330 million, net of tax benefit of $104 million, (or $434 million pre-tax) due to a change in the estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. The $434 million pre-tax amount was attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. 9 For the twelve months ended December 31, 2024, the expected impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business is $37 million, net of tax benefit of $11 million. 10 For the twelve months ended December 31, 2024, the expected impairment charge of assets held for sale is $125 million, with no tax benefit. Note: Amounts may not foot due to rounding. We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow (Unaudited) Twelve Months Ended December 31, 2024(E) ($B) Cash provided by operating activities ~$5.8 - $6.1 Capital expenditures ~(1.2) Free cash flow ~$4.6 - $4.9 We define free cash flow as cash provided by operating activities less cash for capital expenditures. We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/honeywell-and-bombardier-sign-landmark-agreement-to-deliver-the-next-generation-of-aviation-technology-honeywell-updates-2024-outlook-302320054.html SOURCE Honeywell
HFCL inaugurates defence manufacturing unit in HosurChurch & Dwight Co. stock underperforms Wednesday when compared to competitorsTJ Bamba led Oregon with 22 points and five assists in the Ducks' 78-68 victory over San Diego State on Wednesday in pool play of the Players Era Festival at Las Vegas. The Ducks (7-0) won both games in the "Power Group" and will play in the championship Saturday against the top team from the "Impact Group." San Diego State (3-2) will await its opponent for one of the secondary games Saturday. The matchups are based on seeding dependent on performance of the first two games. Bamba made 7 of 14 shots from the field, including 4 of 6 from 3-point range. Keeshawn Barthelemy had 16 points on 5-of-8 shooting from the field and hit 3 of 4 from beyond the arc. Nate Bittle finished with 11 points and nine rebounds, Brandon Angel 12 points and six rebounds and Jackson Shelstad paired 12 points with four assists. BJ Davis led San Diego State with 18 points before fouling out. Nick Boyd finished with 15 points on 6-of-9 shooting from the field, including 3-of-4 from beyond the arc. Neither team led by more than four points until Oregon scored nine unanswered to take a 34-27 lead with 2:20 left in the first half. Barthelemy started the run with a jumper and finished it with a 3-pointer. Oregon outscored San Diego State 16-4 in the last 4:23 of the half to take a 41-31 lead into the break. Bamba and Barthelemy combined for 20 points on 7-of-14 shooting in the first half. Boyd led San Diego State with 13 points, making all three of his 3-point attempts and going 5-of-6 overall. A 7-2 run for Oregon increased its advantage to 48-35 with 17:36 remaining, but San Diego State cut the lead to 56-53 with 10:58 left following a 9-0 run. A Bamba 3-pointer closed an 8-2 stretch with 4:15 remaining to increase Oregon's lead to 73-63. San Diego State did not get closer than eight points the rest of the way. Davis fouled out with 31 seconds left and Oregon leading 77-68. --Field Level Media
Saturday, November 23, 2024 Hilton, a global leader in hospitality, has teamed up with American Campus Communities, the largest developer and manager of high-quality student housing in the U.S., to enhance the living experience for students. This new collaboration will offer American Campus Communities residents who are Hilton Honors members special perks, including up to 15% off the best available room rates at Hilton hotels. Starting this spring, members will also have an expedited path to Hilton Honors elite status, providing access to exclusive travel benefits worldwide. “We’re committed to enhancing the student experience by creating communities that support students’ academic and personal journeys,” said Kimmy Kelley, chief marketing officer, American Campus Communities. “We believe that a fulfilling college experience extends beyond the classroom, and by partnering with Hilton, we’re proud to offer our residents great perks and rewards to help them make lasting memories along the way.” “This partnership is an opportunity for Hilton to enhance the stay for the residents of American Campus Communities,” said Mark Weinstein, chief marketing officer, Hilton. “We are excited to provide memorable stays for residents throughout their college experience—whether it’s during spring or winter break, travel to an away game, or a long weekend road trip to visit friends. We look forward to bringing the exclusive Hilton Honors perks to ACC residents and are excited for the opportunity for more young travelers to experience the Hilton stay.” Hilton’s new partnership with American Campus Communities enhances opportunities for guests to connect with and support local academic communities. This year, Hilton expanded its portfolio with the addition of Graduate by Hilton, offering travelers distinctive, locally inspired stays in close proximity to universities. Furthermore, Hilton strengthened its commitment to collegiate sports by becoming an official sponsor of The Big Ten Conference and Big Ten Network, providing exclusive perks and experiences to student-athletes, team members, and college football fans alike.
Texans elevate WR Jared Wayne, CB D'Angelo Ross from practice squad
Emmerdale viewers are worried for the safety of Liam Cavanagh after his ex-partner Ella Forster, played by Paula Lane, seems to have developed an obsession with him. In recent episodes, Liam, portrayed by Jonny McPherson, ended things with Ella to pursue a relationship with Chas Dingle, played by Lucy Pargeter, following a mutual confession of feelings and a kiss. Liam ended his relationship with Ella but has not yet explained his interest in Chas. The GP has been secretly seeing his new girlfriend and was caught out by John Sugden. Ella, who has a dark history involving the murder of a childhood friend at the age of 11, seemed to have turned over a new leaf as an adult. However, during Wednesday's episode of the ITV soap (November 27), Liam appeared apprehensive as Ella tried to monitor his every move. Chas and Liam were caught in the act by John (Image: ITV) Read More Related Articles Emmerdale's Tom King 'doesn't go to prison' in devastating twist - and fans are livid Read More Related Articles Emmerdale fans predict character's return for Christmas following Ross Barton's comeback Liam informed surgery receptionist Ella that he needed to leave the practice temporarily, but she attempted to thwart his plans by arranging a 'last minute appointment', leaving him puzzled, reports Leeds Live . Liam retorted and insisted Ella contact Manpreet (Rebecca Sarker). As he left the surgery, she followed him before being distracted by Brenda (Lesley Dunlop). Later at The Woolpack, John, played by Oliver Farnworth, interrupted Chas and Liam sharing a passionate kiss and urged them to inform Aaron Dingle (Danny Miller) and Ella about their relationship before they hear it from someone else. Liam's return to the surgery was met with immediate suspicion from Ella, who sensed he was not being truthful about his whereabouts. Inquisitive, she probed further to unveil that Liam's supposed 'patient' appointment was actually in Rome. Ella's increasingly intrusive actions have prompted Emmerdale viewers to speculate on the potential for a darker narrative twist, which could spell peril for Liam. Ella Forster took a risk in an attempt to find out where her ex-boyfriend had been spending his time (Image: ITV) On social media platform X, fans expressed their concerns and theories. One viewer remarked: "The psycho in Ella is coming out...#Emmerdale". Another pointedly asked: "Why is Ella being a bunny boiler. Thought her and Liam finished ages ago. #Emmerdale." One fan bluntly stated: "Ella doesn't want people to think she's a psycho... Going the right way about it #Emmerdale." Adding to the chorus of alarmed voices, another added, complete with menacing knife emojis: "Ella really over stepping her duties to find out what Dr love rods up to". Speculating on the extremity of the upcoming storyline, another fan queried: "Ella going to do another murder? #Emmerdale". Emmerdale airs weekdays at 7:30pm on ITV and ITVX
OTTAWA - The Liberal government introduced a stand-alone bill to implement its proposed GST holiday Wednesday, hours after the NDP threatened it would not pass the legislation if it was linked to a $250 rebate for working Canadians. The bill would give people a two-month GST exemption on items like premade food at grocery stores, children’s clothes, toys, some alcoholic beverages and other holiday season staples. The Liberals announced the tax break last week at the same time as they pledged to send $250 benefit cheques for people who earned a working income up to $150,000 last year. Speaking on background, a finance ministry official said that legislation on the GST moved first because of a “real time crunch” compared to the rebate. The GST holiday is expected to begin Dec. 14 and last until mid-February, while the benefit payments are not expected until early spring. “People are desperate for relief, and the NDP has won a little help for them,” NDP Leader Jagmeet Singh said in a statement on Wednesday evening. He added that his party would go further. “This is not enough — the NDP will permanently take the tax off daily essentials and monthly bills if we win the election, including bills like internet, cellphone and home heating.” The NDP plan was forecast to cost about $5 billion permanently. The Liberal’s temporary tax break is to cost about $1.6 billion this year. MPs began debating the bill Wednesday night and are expected to vote on it Thursday. While the NDP initially said it would support the whole plan, Singh said Wednesday his party would only support legislation to implement the GST break. He said the benefit plan needs to be fixed to include fully retired seniors and people who rely on disability benefits. The Bloc Québécois is also calling on the government to expand the benefit payments to more seniors. The Liberals need support from at least one opposition party to pass the bill to implement the GST break, which is now expected to come to a vote on Thursday. The NDP introduced a motion to pause the ongoing privilege debate in order to get the bill introduced, debated and passed with extended sitting days Wednesday and Thursday. The House has been mired in a debate since late September, due to an ongoing filibuster by the Opposition Conservatives. The Tories are demanding the government turn over unredacted documents to the RCMP about misspending at a green technology fund. The Conservatives insist that debate will continue until the documents are given to the RCMP or the NDP join them and the Bloc Québécois to vote non-confidence in the minority government. Prime Minister Justin Trudeau said last week that both the GST holiday and the $250 cheques are aimed at helping people struggling with the cost of living. The benefit payments would be issued to an estimated 18.7 million Canadians in the spring at a cost of around $4.7 billion. The government has been resistant to calls to expand who gets that money, but some Liberal MPs said earlier on Wednesday that they were open to the idea. Thunder Bay-Rainy River MP Marcus Powlowski said if the government can afford to include seniors in the payments, it absolutely should. “If you’re a senior and living on $15,000 to $20,000 a year and you don’t get the $250, and someone making $150,000 gets the $250, yeah I’d be ticked off. I understand that, and it’s a matter of if we can afford that, absolutely,” he said after the weekly caucus meeting. Milton MP Adam van Koeverden said about one million working seniors would receive the money, but more could be done. “I would love to see more ambition to support seniors who need a little bit of extra help,” he said. “I also think that the conversation that we had today was great and more conversations on affordability are really, really necessary because look, our economy is doing well and that’s not a sentiment that’s broadly felt.” Conservative Leader Pierre Poilievre called the GST measure a “tiny, two-month tax trick” in question period and said if Trudeau cared about affordability he’d get rid of the carbon tax. The sales tax break will include provincial sales taxes in the four Atlantic provinces and Ontario, which harmonized their sales taxes with the federal government. It means the tax break in Atlantic Canada will be15 per cent and in Ontario 13 per cent, while in other provinces it will be less unless those governments choose to match it. New Brunswick and Prince Edward Island have asked for compensation from Ottawa to cover their lost revenues from that, while Newfoundland and Labrador has not. Nova Scotia was in the midst of an election when the GST measure was floated, which concluded Tuesday. Ontario said Wednesday it will match the GST break and not seek compensation, however many items on the federal list were already exempted in Ontario, including children’s clothes. Ford said it will cost his province $1 billion to match all the exemptions. This report by The Canadian Press was first published Nov. 27, 2024.Salvation Army donations doubled on Giving Tuesday thanks to donorAtalanta goes from the Europa League trophy to the top of Serie A. Inter routs Verona 5-0
A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel , leaving the decision to President Joe Biden , who opposes the deal . The Committee on Foreign Investment in the United States, known as CFIUS, sent its long-awaited report on the merger to Biden, who formally came out against the deal in March. He has 15 days to reach a final decision, the White House said. A U.S. official familiar with the matter, speaking on condition of anonymity to discuss the private report, said some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. Monday was the deadline to approve the deal, recommend that Biden block it or extend the review process. Both Biden and President-elect Donald Trump have courted unionized workers at U.S. Steel and vowed to block the acquisition amid concerns about foreign ownership of a flagship American company. The economic risk, however, is giving up Nippon Steel’s potential investments in the mills and upgrades that might help preserve steel production within the United States. | Under the terms of the proposed $14.9 billion all-cash deal, U.S. Steel would keep its name and its headquarters in Pittsburgh, where it was founded in 1901 by J.P. Morgan and Andrew Carnegie. It would become a subsidiary of Nippon Steel, and the combined company would be among the top three steelmakers in the world, according to 2023 figures from the World Steel Association. Biden, backed by the United Steelworkers, said earlier this year that it was “vital for (U.S. Steel) to remain an American steel company that is domestically owned and operated.” Trump has also opposed the acquisition and vowed earlier this month on his Truth Social platform to “block this deal from happening.” He proposed reviving U.S. Steel’s flagging fortunes “through a series of Tax Incentives and Tariffs.” The steelworkers union questions if Nippon Steel would keep jobs at unionized plants, make good on collectively bargained benefits or protect American steel production from cheap foreign imports. “Our union has been calling for strict government scrutiny of the sale since it was announced. Now it’s up to President Biden to determine the best path forward,” David McCall, the steelworkers’ president, said in a statement Monday. “We continue to believe that means keeping U.S. Steel domestically owned and operated.” Nippon Steel and U.S. Steel have waged a public relations campaign to win over skeptics. U.S. Steel said in a statement Monday that the deal “is the best way, by far, to ensure that U.S. Steel, including its employees, communities, and customers, will thrive well into the future.” Nippon Steel said Tuesday that it had been informed by CFIUS that it had referred the case to Biden, and urged him to “reflect on the great lengths that we have gone to to address any national security concerns that have been raised and the significant commitments we have made to grow U. S. Steel, protect American jobs, and strengthen the entire American steel industry, which will enhance American national security.” “We are confident that our transaction should and will be approved if it is fairly evaluated on its merits,” it said in a statement. A growing number of conservatives have publicly backed the deal, as Nippon Steel began to win over some steelworkers union members and officials in areas near its blast furnaces in Pennsylvania and Indiana. Many backers said Nippon Steel has a stronger financial balance sheet than rival Cleveland-Cliffs to invest the necessary cash to upgrade aging U.S. Steel blast furnaces. Nippon Steel pledged to invest $2.7 billion in United Steelworkers-represented facilities, including U.S. Steel’s blast furnaces, and promised not to import steel slabs that would compete with the blast furnaces. It also pledged to protect U.S. Steel in trade matters and to not lay off employees or close plants during the term of the basic labor agreement. Earlier this month, it offered $5,000 in closing bonuses to U.S. Steel employees, a nearly $100 million expense. Nippon Steel also said it was best positioned to help American steel compete in an industry dominated by the Chinese. The proposed sale came during a tide of renewed political support for rebuilding America’s manufacturing sector, a presidential campaign in which Pennsylvania was a prime battleground, and a long stretch of protectionist U.S. tariffs that analysts say has helped reinvigorate domestic steel. Chaired by Treasury Secretary Janet Yellen, CFIUS screens business deals between U.S. firms and foreign investors and can block sales or force parties to change the terms of an agreement to protect national security. Congress significantly expanded the committee’s powers through the 2018 Foreign Investment Risk Review Modernization Act, known as FIRRMA. In September, Biden issued an executive order broadening the factors the committee should consider when reviewing deals—such as how they impact the U.S. supply chain or if they put Americans’ personal data at risk. Nippon Steel has factories in the U.S., Mexico, China, and Southeast Asia. It supplies the world’s top automakers, including Toyota Motor Corp ., and makes steel for railways, pipes, appliances and skyscrapers. —Josh Boak, Marc Levy and Ashraf Khalil, Associated Press Associated Press writer Fatima Hussein contributed to this report.(TNS) — It’s a new Lizzo and she clearly isn’t afraid to bare it all and show off the hard work she’s put in to shed the weight. On Nov. 22, the “Pink” singer took to Instagram and shared a flurry of snap shots where the star can be seen showing off her noticeable new frame, even though she’s seated in a car. She wrote in the caption, “Last night I wore milkmaid braids.” The new pictures clearly took fans aback as they flocked to the comments to share their disbelief. “How you get skinny so fast??” one user wrote. “Yo Lizzie lost mad weight,” another user chimed in. Others also mentioned the fact that the singer was quite open about her hard work in the gym. “Can yall go one post without mentioning how ‘skinny she’s getting’ or how she’s ‘using ozempic’??” one user wrote. “She’s been documenting her fitness and healthy eating journey this whole time. In another photo, the “Truth Hurts” singer shared pictures and videos of herself and her mother rocking the same braided hairstyle. Regardless, on Monday, the star opened up on the social media platform and said that she’s more than her weight, whether she chooses to shed the extra pounds or not. “S/O to everyone that just found out im lowkey cool as hell welcome to the club,” she quipped. Last year, the singer turned to TikTok and shared her love of being physically fit, despite how fans might perceive her. “I’ve always loved moving my body. I’ve always loved working out,” she said in a TikTok in May 2023. “I’m very holistically conscious—like I am very hippie-dippie and woo woo when it comes to food and supplements and just thinking about my body and the environment ... I’m not tryna be thin. I don’t ever want to be thin.”